Hallmark announces layoff of 335 workers
NEW YORK Hallmark Cards will lay off 335 workers in the U.S. and Canada between now and March 2009, the company announced Wednesday.
The Kansas City, Mo.-based company is consolidating its greeting-card manufacturing, though will keep other areas of the business intact. It has already laid off 195 workers at its manufacturing plant in Toronto. It will gradually lay off 80 more workers from its plant in Siloam Springs, Ark., and 60 workers at its plant in Bloomington, Ind., starting later this year.
It will then move equipment to plants in Topeka and Lawrence, Kan., and also outsource some manufacturing to Asia and Mexico.
The company experienced high growth rates and $4.4 billion in revenue worldwide in 2007.